Cameco reports $40M Q1 profit, revenue up 37 per centCameco Corp. reported a first-quarter profit of $40 million compared with a loss of $5 million a year ago as its revenue rose 37 per cent compared with a year ago, helped by higher prices.Revenue totalled $398 million, up from $290 million in the first three months of 2021.
In an update to its outlook, Cameco says it now expects its consolidated revenue to be between $1.73 billion and $1.88 billion for the year, up from its earlier guidance for between $1.5 billion and $1.65 billion.
This report by The Canadian Press was first published May 5, 2022.